Single Member LLCs

Event Location:

Online
8050 West 78th Street
Edina MN 55439

Event Date:
February 23, 2018
Event Time Info:
09:00:00 - 16:00:00
Event Registration:
Event Details and Registration

H&J attorney, Scott Nelson, will be presenting for NBI Video Webcast: Single Member LLCs

Tax Considerations, Veil Piercing, Operating Agreements and More

Do you know when it’s advantageous for a client to conduct business through a single member LLC? Do you have a detailed understanding of the issues that can arise during formation and everyday business operations? This focused program will provide a walkthrough of critical considerations and best practices you need to be aware of. Register today!

  • Explore the advantages and disadvantages of using single member LLCs.
  • Learn about the tax implications of single member LLCs.
  • Understand the mechanics of dealing with creditors and charging orders.
  • Find out how to minimize potential single member LLC veil piercing.
  • Maximize liability protections and avoid disputes with solid operating agreements.
  • Incorporate the latest case law into your decision making.

Course Content

  1. The Basics and the Organization of the Single Member LLC
  2. Tax Considerations
  3. The Single Member LLC and the Charging Order
  4. Protection Against Inside Debts (Piercing the Single Member LLC Veil)
  5. How to Draft the Single Member LLC Operating Agreement
  6. Case Law Review
  7. LLC Ethical Traps

Presenters

SCOTT M. NELSON is an attorney and CPA with Hellmuth & Johnson, PLLC. With more than 28 years of experience, he provides legal counsel to individuals and closely held businesses in the areas of tax, business and estate planning. Licensed in Minnesota,Wisconsin and North Dakota, Mr. Nelson’s areas of concentration include business succession planning, coordinated estate planning for complex estates, and advising all types of families on transfer of assets, as well as legacy and philanthropic planning during lifetime or upon death. His practice includes advising trust and estate fiduciaries, beneficiaries, and charitable organizations. Mr. Nelson obtained his CPA license while working at the Arthur Andersen & Co. accounting firm in its Minneapolis office. He earned his B.S. degree from St. John’s University, and his J.D. degree, magna cum laude, and Order of the Coif, from the University of Minnesota Law School. Mr. Nelson is also a fellow of the American College of Trust and Estate Counsel (ACTEC) and a member of the ACTEC Fiduciary Income Tax Committee.

MICHAEL D. CROSS JR. is a member of the Alpharetta business and technology law firm of Briskin, Cross & Sanford, LLC, where his areas of practice include partnership and LLC law, mergers and acquisitions, franchise law, and corporate law. For more than a decade, Mr. Cross served as an adjunct professor at Reinhardt University, where he taught undergraduate and graduate courses involving business law, media law, entrepreneurial law, organizational leadership and ethics. He also speaks frequently at continuing legal education seminars and has worked with Emory Law School and the Georgia Chief Justice’s Commission on Professionalism since 2005. Mr. Cross recently was listed by Georgia Trend magazine as one of the 2017 Legal Elite and has been selected five times for inclusion in the listing known as Georgia Super Lawyers Rising Stars for his work representing entrepreneurs, investors and privately-held companies. He is admitted to practice law in Georgia and Indiana, as well as before the U.S Tax Court. Mr. Cross earned his B.A. degree from Anderson University; his J.D. degree from Emory University School of Law; and his LL.M. degree, with honors, from the University of Alabama School of Law.

T. JAMES LEE is a shareholder and director in the Phoenix office of Fennemore Craig, P.C., and chairs the firm’s private wealth preservation (trusts and estates) practice group. He is certified as a trust and estate specialist by the State Bar of Arizona, and practices in the areas of estate planning, trust and estate administration, charitable giving, business design and structuring, international taxation, and commercial transactions. Mr. Lee serves on Arizona’s Estate and Trust Advisory Commission, and is also a member of the American Bar Association, the Utah State Bar, the ABA’s Committee on Estate and Gift Taxes (Taxation Section), and is a fellow of the American College of Trust and Estate Counsel (ACTEC). In addition to his professional activities, Mr. Lee is actively engaged with local and international charitable organizations. He earned a bachelor’s degree in business management from Brigham Young University, with distinction as the top business school graduate in the area of entrepreneurship. He graduated, with honors, in 1996 from the J. Reuben Clark Law School at BYU, and served on the Editorial Board of the BYU Law Review. Mr. Lee is listed in Best Lawyers in America under tax law, and trusts and estates, Southwest Super Lawyers in estate planning and probate, and is ranked in Chambers and Partners under private wealth law.

MAYA SIMMONS ROGERS is the managing partner of Simmons Rogers, LLC. In this role, she serves as outside general counsel to a variety of businesses, including technology companies, fashion designers and influencers, retail stores, franchisees, and non-profits. As outside general counsel, she handles transactional, intellectual property, and litigation matters on behalf of her clients. Prior to founding Simmons Rogers, LLC, Ms. Simmons Rogers was able to gain extensive experience handling litigation and transactional matters for businesses in varying stages from start-ups to Fortune 500 companies. As a strong believer in ADR, she has represented her clients in numerous arbitrations and mediations in addition to resolving disputes as an arbitrator and mediator. Ms. Simmons Rogers served on the executive board of the Georgia Association of Black Women Attorneys and the Board of Directors for the Refugee Women’s Network, serving as treasurer for 4 years. In 2017, her firm began hosting free legal clinics in South Georgia featuring lawyers from across the state. As a result of her experience and service, she was recognized as one of The National Black Lawyers Top 40 under 40 in 2015, 2016, and 2017. Ms. Simmons Rogers earned her B.S. and M.B.A. degrees, both summa cum laude, from Florida A&M University, and her J.D. degree from The University of Michigan Law School.

This program is designed for attorneys. Accountants and paralegals may also benefit.

No two cases are the same. Prior results do not guarantee a similar outcome. Read our full Legal Disclaimer